updated 11:15 am EDT, Fri September 21, 2007
Jobs #56 richest in US
Apple CEO Steve Jobs is the 56th richest man in the United States, a new magazine ranking claims. Prominent business publication Forbes has released a new edition of its "Forbes 400" list, charting the status of 400 billionaires; reflecting a growing wealth disparity in the country, the minimum worth needed to enter the list rose $300 million from last year to reach $1.3 billion. Jobs has himself risen substantially in the rankings since last year, when he was only No. 132.
The executive's net worth is still valued at approximately $5.7 billion, virtually unchanged, but this may be partly attributable to several deaths in the intervening time, including notorious real-estate dealer Leona Helmsley and Wal-Mart's Helen Walton.
Jobs is described by Forbes as the "coolest tech superstar ever," having been labelled an "igod" at the time of the iPhone's debut, but the magazine remains critical in other areas. Apple TV is described as an "iFlop" in the wake of NBC Universal's withdrawl from iTunes, and the $200 iPhone price cut is said to have alienated early iPhone adopters.